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E-book
Author Bossone, Biagio, author

Title The new approach to sovereign debt restructuring : setting the incentives right / Biagio Bossone and Carlo Sdralevich
Published [Washington, D.C.] : International Monetary Fund, Office of the Executive Director for Italy, Greece, Portugal, Malta, San Marino, and Albania, [2002]
©2002
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Description 1 online resource (25 pages)
Series IMF policy discussion paper ; PDP/02/4
IMF policy discussion paper ; PDP/02/4
Summary Annotation The paper discusses key incentive-related issues of the sovereign debt restructuring mechanism recently outlined by the IMF First Deputy Managing Director. the structure of incentives in the mechanism should be consistent with the principle of favoring market-oriented, voluntary solutions to financial crises. the paper frames the mechanism in the context of involving the private sector in financial crisis resolution (PSI), and identifies the conditions for setting up an appropriate incentive structure. the paper explores issues relating to the functioning of the mechanism, including access policy on IMF resources; the power to activate the mechanism; its relation with intermediate PSI instruments; and its impact on investment in emerging markets
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Debt relief.
Debtor and creditor.
Debts, External.
International finance.
Form Electronic book
Author Sdralevich, Carlo, author
International Monetary Fund. Office of the Executive Director for Italy, Greece, Portugal, Malta, San Marino, and Albania, issuing body
ISBN 1451973594 (Trade Paper)
1455221465
9781451973594
9781455221462